Bad Debts Reserve Account: An account used to record an estimate of bad debts for the year (usually as a percentage of sales). This cannot be deducted as an expense against tax liability.

 

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Bad Debts Reserve Account: An account used to record an estimate of bad debts for the year (usually as a percentage of sales). This cannot be deducted as an expense against tax liability.

Money Market Account: These bank savings accounts normally pay interest at rates comparable to those offered by money market mutual funds or money market separate accounts offered under a variable annuity contrac . . . View Full Definition

Monetary Reserve: A government’s monetary reserve includes the foreign currency and precious metals that its central bank holds. That reserve enables the government to influence foreign exchange rates and to . . . View Full Definition

Money Market Demand Account (MMDA): An account that pays interest based on short-term interest rates.

National Accounts: Large group accounts that have employees in more than one geographic area that are covered through a single national contract for health coverage. Contrast with large local groups.

Negotiable-Order-Of-Withdrawal Account: A negotiable-order-of-withdrawal (NOW) account is an interest-bearing checking account that pays interest on the balance, usually at a rate comparable to a money market account. You may be r . . . View Full Definition

Monbadon: (See Burger above).

Mixed Account: A brokerage account holding both long and short positioned securities.

Market Adjustment-Trading Securities Account: An account used to track the difference between the historical cost and the market value of a company's portfolio of trading securities.

Margin Account (Stocks): A leverageable account in which stocks can be purchased for a combination of cash and a loan. The loan in the margin account is collateralized by the stock; if the value of the stock drops s . . . View Full Definition